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UPI transactions

Indians travelling to Qatar will now be able to use UPI for payments

The move will allow UPI payments in Qatar via the QNB merchant network, benefiting Indian travellers visiting and transiting through the country

Indians travelling to Qatar will now be able to use UPI for payments
Updated On : 12 Jul 2024 | 10:08 AM IST

140 million HDFC Bank, Axis customers may face service interruption

UPI services will be unavailable for customers from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM on July 13, 2024

140 million HDFC Bank, Axis customers may face service interruption
Updated On : 11 Jul 2024 | 10:40 PM IST

India's UPI goes live at Galeries Lafayette, eyes Paris Olympics boost

Ambassador of India to France and Principality of Monaco Jawed Ashraf launched UPI by live use

India's UPI goes live at Galeries Lafayette, eyes Paris Olympics boost
Updated On : 05 Jul 2024 | 7:05 AM IST

Sikkim govt asks taxi drivers to add QR code as additional payment option

All taxi drivers in Sikkim have been directed to compulsorily provide QR codes as an additional payment option to the passengers by July 15, a senior official said on Wednesday. The decision was taken in view of several complaints from the public over providing accurate fares to drivers due to the non-availability change either with the driver or the passenger, resulting in arguments and traffic jams, he said. "All drivers are to compulsorily provide the QR code by July 15, 2024, (as an additional payment option) and affix one on the front windscreen of the vehicle facing the passenger and another at the rear seat of the vehicle," the Transport Commissioner-cum-Secretary Raj Yadav said in a circular. The mandatory display of the QR code on the front and rear side of the taxis was ordered to address this issue of haggling between the taxi drivers and commuters on payment issues, Yadav said, adding that a meeting was held recently with the stakeholders/local taxi associations, where i

Sikkim govt asks taxi drivers to add QR code as additional payment option
Updated On : 03 Jul 2024 | 6:49 PM IST

Growth in remittances to India may halve in 2024, says World Bank

India received remittances worth $120 billion in 2023, supported by strong labour markets in the United States and Europe

Growth in remittances to India may halve in 2024, says World Bank
Updated On : 27 Jun 2024 | 12:09 AM IST

PayU's LazyPay partners with Blinkit to offer customers with credit line

The latest partnership will provide the Zomato-led quick commerce platform's customers with a credit line, at no additional cost to merchants

PayU's LazyPay partners with Blinkit to offer customers with credit line
Updated On : 26 Jun 2024 | 10:02 PM IST

India, Cambodia discuss investment treaty, UPI collab: Commerce ministry

India and South East Asian nation Cambodia are negotiating collaboration in UPI-based digital payment to promote trade and tourism, the commerce ministry said on Thursday. Both sides also deliberated upon diversification of the trade basket by identifying new products, bilateral investment treaty, recognition of Indian pharmacopoeia and collaboration in the pharma sector. These issues among others were discussed during the second meeting of the India-Cambodia Joint Working Group on Trade and Investment (JWGTI) here on Wednesday. Pharmacopoeia is a set of standards and quality specifications for ingredients, preparation and dosage forms of medicines manufactured, sold, consumed and exported in a country. Indian Pharmacopoeia Commission (IPC) is an autonomous institution under the Ministry of Health and Family Welfare which sets standards for all drugs that are manufactured, sold and consumed in India. "The meeting discussed the progress of the ongoing efforts for collaboration in .

India, Cambodia discuss investment treaty, UPI collab: Commerce ministry
Updated On : 21 Jun 2024 | 12:19 AM IST

Patym hits 10% upper circuit on heavy volumes post RBI policy; here's why

To encourage wider adoption of UPI Lite, the RBI today proposed to bring it under the e-mandate framework.

Patym hits 10% upper circuit on heavy volumes post RBI policy; here's why
Updated On : 07 Jun 2024 | 3:02 PM IST

UPI transactions clock new record in May at Rs 20.45 trillion, shows data

Data shared by the National Payments Corporation of India (NPCI) on Saturday said that the May figures were 49 per cent up in volume and 39 per cent up in value compared to the same month in 2023

UPI transactions clock new record in May at Rs 20.45 trillion, shows data
Updated On : 01 Jun 2024 | 5:42 PM IST

JioFin launches beta version of JioFinance app, to offer UPI, digi banking

The app's future plans include broadening the loan offerings, initially focusing on mutual fund loans and eventually branching out to include home loans

JioFin launches beta version of JioFinance app, to offer UPI, digi banking
Updated On : 30 May 2024 | 6:25 PM IST

HDFC bank to stop SMS alerts for UPI payments up to Rs 100: Check details

Customers will continue receiving email for all UPI transactions, says lender

HDFC bank to stop SMS alerts for UPI payments up to Rs 100: Check details
Updated On : 29 May 2024 | 4:26 PM IST

HDFC Bank to stop SMS alerts for small UPI payments soon; details here

The private lender notified its customers via email and SMS that they will continue to receive email alerts for all UPI transactions

HDFC Bank to stop SMS alerts for small UPI payments soon; details here
Updated On : 29 May 2024 | 2:45 PM IST

Now, Adani Group plans to enter India's digital payment, e-commerce spaces

The Adani Group plans to offer new services through its consumer app, Adani One, which was launched in late 2022. The app currently offers travel services such as flight and hotel bookings

Now, Adani Group plans to enter India's digital payment, e-commerce spaces
Updated On : 28 May 2024 | 10:31 AM IST

BharatPe, PhonePe amicably settle trademark disputes over 'Pe' suffix

The settlement concludes five-year-long legal disputes across multiple courts

BharatPe, PhonePe amicably settle trademark disputes over 'Pe' suffix
Updated On : 26 May 2024 | 5:43 PM IST

Sales of Apple products, cars in India see surge in cash transactions

Around 7-9% of Apple's sales in its two company-owned stores were cash transactions, compared to less than 1 per cent or even none at all observed in its stores in the US or Europe

Sales of Apple products, cars in India see surge in cash transactions
Updated On : 25 May 2024 | 9:57 AM IST

PhonePe partners LankaPay, enables UPI payments for travelers in Sri Lanka

PhonePe on Wednesday announced a partnership with LankaPay to allow its users to pay using UPI across Sri Lanka. At an event to mark the collaboration, PhonePe said its app users travelling to Sri Lanka can make payments using UPI across LankaPay QR merchants. The transactions will be facilitated by the Unified Payments Interface (UPI) and LankaPay National Payment Network. Users can scan LankaQR code to make secure and quick payments without carrying cash or calculating currency conversions. The amount will be debited in INR, showing the currency exchange rate. PhonePe's CEO, International Payments, Ritesh Pai, said the collaboration with LankaPay offers unparalleled convenience to Indian tourists who can now use a familiar and secure payment method while travelling and paying across LankaQR merchant points. "We are excited about the potential of this collaboration that would enhance payment experience to Indian tourists and business travellers during their stay in Sri Lanka and

PhonePe partners LankaPay, enables UPI payments for travelers in Sri Lanka
Updated On : 15 May 2024 | 7:56 PM IST

NPCI may defer market cap deadline for UPI payment platforms by 2 years

Eight months left for the implementation deadline, the National Payments Corporation of India (NCPI) may be favouring growth over concerns about market domination

NPCI may defer market cap deadline for UPI payment platforms by 2 years
Updated On : 09 May 2024 | 5:40 PM IST

RBI meets stakeholders to discuss strategies to widen scope, reach of UPI

UPI transaction volumes rose 54% in March, as compared to 60% a year ago

RBI meets stakeholders to discuss strategies to widen scope, reach of UPI
Updated On : 08 May 2024 | 6:42 PM IST

NPCI likely to extend UPI market cap deadline for payment platforms

Paytm's UPI market share plummets; Google Pay and PhonePe continue to dominate digital payments in India

NPCI likely to extend UPI market cap deadline for payment platforms
Updated On : 08 May 2024 | 1:12 PM IST

Paytm's UPI transactions fall for 3rd straight mth, market share contracts

However, the Noida-based company has continued to retain its spot as the third largest player in the ecosystem because other players are considerably smaller in comparison to the fintech major

Paytm's UPI transactions fall for 3rd straight mth, market share contracts
Updated On : 07 May 2024 | 11:39 PM IST